This document outlines the Reserve Bank of India's (RBI) amendments to the Know Your Customer (KYC) Directions, 2016, effective immediately. Key changes include provisions for updating KYC for low-risk customers and the use of Business Correspondents (BCs) for KYC updates. It also details requirements for advance intimations and reminders to customers for periodic KYC updates. This is crucial for banks and financial institutions to ensure compliance and improve customer service.
Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025 #pdf